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Upside Purchased on Helix Energy Solutions (HLX)
Friday, July 2, 2010 - 10:53am | 168Shares of Helix Energy Solutions Group (NYSE: HLX) are lower on the session by 6.53%, currently trading at $10.02. The stock has been trading largely lower over the past three months and is selling off once again today on news that the company will be taking a $160 to $180 million pre-tax...
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Top Performing Industries For June 30 (UAUA, TPGI, BBW, DWSN)
Wednesday, June 30, 2010 - 2:59pm | 223At 11:57 am, the Dow gained 0.36% to 9,905.37, the broader Standard & Poor's 500 index moved up 0.57% to 1,047.22 and the NASDAQ composite index rose 0.75% to 2,151.21. The industries that are driving the market today are: Major Airlines: This industry gained 5.01% by 11:57 am. The top stock...
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Citigroup Initiates Buy Rating on Life Technologies (LIFE)
Wednesday, June 30, 2010 - 10:00am | 258Citigroup is out with a research report this morning, where it initiated a Buy rating on Life Technologies Corp. (NASDAQ: LIFE); it has a $62.00 price target on the stock. The Citi analysts said, “Formed through the November 2008 merger of Applied Biosystems and Invitrogen, LIFE manufactures...
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"Mad Money Lightning Round:" Jim Says It Is Sell Time For RIMM
Monday, June 28, 2010 - 7:24am | 271In his "Mad Money Lightning Round" on Friday, Jim Cramer said that Research In Motion (NASDAQ: RIMM) is “worse than dead money.” He would sell the stock the minute the price appreciates. After falling 10.84% on Friday, RIMM gained 1.00% in pre-market trading. When asked about Flagstar Bancorp (NYSE...
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Mad Money Lightning Round: Cramer Thinks That RIMM Is Dead Money (RIMM, AAPL, MWE, PNC, FBC, HAL, ED, PGN, AGNC, JDSU, CRUS, OVTI, C, MW)
Saturday, June 26, 2010 - 1:32pm | 536On CNBC's Mad Money, Jim Cramer advised investors to stay away from Research In Motion Limited (USA) (NASDAQ: RIMM), because it is dead money. Cramer believes that RIMM can't compete with Apple Inc. (NASDAQ: AAPL), and you should sell it. RIMM dropped 10.84% on Friday, and closed at $52.23. Cramer...
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June 24, 2010: 21 Large Cap/Low PE Stocks
Thursday, June 24, 2010 - 7:02pm | 224Occasionally, investors shake the tree with a broad screen to see what securities fall to the ground. Today,I programmed a Standard and Poors Large Cap screen. The following large cap ($10-50b) securities have a four or five star S&P rating coupled with a low PE and PEG valuations. For brevity...
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Benzinga's Top ETF Gainers (DRV, ERY, TZA, SRS)
Tuesday, June 22, 2010 - 4:57pm | 229Bear ETFs had a successful trading session today. Direxion Daily Real Estate Bear 3X (ETF) (NYSE: DRV) led the gainers among the ETFs with an increase in price of 9.74%. DRV closed at $6.87, and had a volume of 7.36M shares. ProShares UltraShort Real Estate (ETF) (NYSE: SRS) is another real estate...
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FTI: Improved Valuations, Solid Outlook Intact
Tuesday, June 22, 2010 - 11:58am | 182Analysts at Citigroup upgrade FMC Technologies (NYSE: FTI) from "hold" to "buy," while reducing their estimates for the company. The target price for FTI has been reduced from $77 to $69. According to Citigroup, “Analysis indicates significant pent-up deepwater drilling demand remains. This...
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FMC Technologies Still Pritchard's Top Pick (FTI)
Tuesday, June 22, 2010 - 10:45am | 174Pritchard analysts recently met with FMC Technologies (NYSE: FTI) management. FMC manufactures undersea production and wellhead systems, fluid control systems, and other technology for the oil and gas industry. Pritchard reiterated a Buy rating after the meeting. Pritchard values FTI at $80.00....
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Pritchard Capital Partners Reaffirms FMC Technologies’ “Top Pick” Rating (FTI, RDS.A, STO)
Tuesday, June 22, 2010 - 10:20am | 315Pritchard Capital Partners LLC is out with a research note this morning, where their analysts reiterate FMC Technologies’ (NYSE: FTI) “Top Pick” status; they have an $80 price target on the stock. Pritchard analysts said, “All is well at FTI and we are confident in our above consensus 2010 and...
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Benzinga’s Top Downgrades (AIPC, NOV, AFFY, NBG)
Tuesday, June 22, 2010 - 8:08am | 148American Italian Pasta Company (NASDAQ: AIPC) was downgraded by SunTrust from “buy” to “neutral.” AIPC’s shares closed at $52.66 yesterday. American Italian Pasta’s quarterly earnings fell 13.43%. Citigroup downgraded National-Oilwell Varco Inc (NYSE: NOV) from “buy” to “hold.” NOV’s shares closed...
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Benzinga’s Top Upgrades (ACGY, AFLYY.PK, E, CRXL)
Tuesday, June 22, 2010 - 7:44am | 151Acergy SA (NASDAQ: ACGY) was upgraded by Societe Generale from “hold” to “buy.” ACGY’s shares closed at $16.88 yesterday. Acergy’s earnings have grown 35.67% over the past 5 years. JP Morgan upgraded Air France - KLM (OTC: AFLYY.PK) from “under weight” to “overweight.” AFLYY.PK’s shares closed at $...
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Nomura Downs ACGY To Neutral
Tuesday, June 22, 2010 - 6:17am | 39Analysts at Nomura Securities downgrade Acergy SA (NASDAQ: ACGY) from "buy" to "neutral." ACGY’s shares closed at $16.88 yesterday. More Analyst Ratings here
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News Summary
Monday, June 21, 2010 - 1:13pm | 276Norwegian oil and gas engineering companies Acergy (NASDAQ: ACGY) and Subsea 7 (PINK: SBEAF) have signed an agreement under which ACGY will acquire SBEAF for $2.5 billion in an all-stock deal. The acquisition will create a company with a $5.4 billion market capitalization. The firms, which are...
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Calls Purchased on Weatherford International LTD (WFT)
Monday, June 21, 2010 - 10:12am | 144Shares of Weatherford International LTD (NYSE: WFT) are higher on the session by 1.64%, currently trading at $15.46. The stock has been drifting lower for the past year and is currently in a technical downtrend. Options traders are buying upside on the name today. The July $15 call was purchased 2...